Brief: Techfaith reports 2H and full year 2016 financial results

China Techfaith Wireless Communication Technology

12/04/2017 12:15

April 12 (Reuters) - China Techfaith Wireless Communication 
Technology Ltd  CNTF.O  
    * Techfaith reports its unaudited 2H and full year 2016 
financial results, and the sale of certain Beijing real estate 
assets 
    * China Techfaith Wireless Communication Technology Ltd - 
entered into a share transfer agreement with Beijing Hongkungu 
Investment Company Limited 
    * China Techfaith Wireless Communication Technology Ltd - 
"we expect macro environment to remain challenging in 2017" 
    * China Techfaith Wireless - Infoexcel to sell 100% equity 
interest in Techfaith Intelligent Handset Technology (Beijing) 
Ltd for consideration of RMB1 billion 
    * China Techfaith Wireless - Techfaith Intelligent Handset 
Technology (Beijing) also acquired certain land use rights 
related to piece of land in Beijing 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nPnVfHgLa 
Further company coverage:  CNTF.O  
 
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